DBS, the largest bank in Singapore, reported record earnings for the year 2023 but cut the variable pay of its CEO and other top executives.
Singapore
Singapore Streamlines Tax Filing Process for Commission Agents, Delivery Workers
Singapore is simplifying tax filings for over 100,000 commission agents in 2024 with pre-filled income information.
Singapore to Increase Salary Criteria for Foreign Executives, Professionals
The government said in 2025 that Singaporean companies must pay overseas CEOs and experts greater salaries.
Singapore Defends Its Alleged "Exclusive Deal" With Taylor Swift for Eras Tour Amid Diplomatic Criticism
Prime Minister Lee Hsien Loong likens the agreement to a sports event after neighboring countries criticized the exclusivity of the deal, which made millions of dollars for Singapore.
Singapore Invests $15 Billion in Cutting-Edge F-35A Jets
Singapore plans to acquire eight Lockheed Martin Corp. F-35A fighter planes for its defense, accelerating the country's procurement of advanced military aircraft amid tensions in the region.
Latest News
A Google Cloud executive said that Singapore's environment that fosters innovation could make the country a global powerhouse in the AI industry.
Saudi Arabia's Public Investment Fund (PIF) has emerged as the world's most active sovereign investor in 2023, with deals worth billions of dollars.
Shopaholics in Singapore can now get ease with the burden of traffic and large crowd as a new app allows them to have a hassle-free Bangkok shopping experience.
Alibaba is about to acquire Singaporean start-up Lazada for about $1 billion that was established by the German technology Rocket Internet. Existing shareholders including Tesco, AB Kinnevik and Rocket Internet will sell a portion of their shares to Alibaba.
The world’s first fully autonomous taxis might be hitting the streets of Singapore earlier than other cities. An MIT-supported startup is dedicated to develop a technology to achieve that, and is now seeking for approval for pilot program.
Goldman Sachs-backed consumer finance startup CompareAsiaGroup got its new CEO Sam Allen. In 2015, CompareAsiaGroup closed a Series A round of funding led by Goldman Sachs and is planning to go for a Series B round funding soon.
Game developer Ubisoft is expanding its business to the Philippines and will be named Ubisoft Philippines. It will be headquartered in Sta. Rosa, Laguna which is a great geographical site. One reason for the move is the trust established by Filipino employees led by manager Chip Go that was being noticed by Ubisoft Managing Director Oliver de Rotalier.
Australian tech companies are heading to Singapore to support their businesses. Some tech companies are expecting Singapore to be one of the startups landing pads established by the Australian government to help companies access the global business network.
Internet service provider MyRepublic bid to become the fourth mobile-phone carrier in Singapore. The company aim to reach profit within three years of operation.
